Walnut, Calif. — Computer and consumer electronics manufacturers Digital Lifestyles Group (DLG) and Protron Digital said they expect to merge the two companies in mid-February.
The companies had previously signed non-binding letters of intent to enter into the merger.
Representatives from Protron Digital, which is currently facing legal action from Proton for allegedly using a confusingly similar brand name, did not respond to repeated requests to comment.
Protron, which had been the consumer electronics business for PC monitor supplier ProSonic, currently offers LCD monitors, high-definition TVs, portable DVD players and other digital home entertainment products marketed under the Protron brand name.
One of the principal owners of privately held Protron is Leo Chen, who is also a member of the board of directors of Digital Lifestyles Group, a statement on the pending merger said.
“We believe this merger will allow us and Protron to begin the long-awaited goal of joining resources and talent to exploit the growth that we collectively believe can be achieved in the consumer electronics sector,” said Andy Teng, Digital Lifestyles Group chairman, in a statement on the action.
Digital Lifestyles Group is a computer and consumer electronics company that designs, manufactures and markets digital lifestyle products.